The rupee depreciated 18 paise to 86.88 against the U.S. dollar in early trade on Tuesday (July 29, 2025) as month-end dollar demand and sustained international fund outflows weighed on the native unit.
Forex merchants stated the home unit traded with a detrimental bias because the demand for {dollars} from importers continued to maintain the American unit nicely bid against the rupee.
Moreover, a muted pattern in home equities and sustained international fund outflows additional dented buyers’ sentiments, they stated.
At the interbank international alternate market, the rupee opened at 86.76 after which touched an early low of 86.88 against the American forex, registering a fall of 18 paise over its earlier shut.
On Monday, the rupee had settled at 86.70 against the dollar.
Meanwhile, the dollar index, which gauges the dollar’s energy against a basket of six currencies, rose marginally by 0.01% to 98.64.
Brent crude, the worldwide oil benchmark, went up by 0.04percentt to $70.07 per barrel in futures trade, as growing trade agreements eased tariff considerations and boosted future power calls for.
The rupee opened on a weaker word and will fall to one-month low of 86.90 this week, stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
“RBI seems to be protecting the rupee intermittently but has allowed the fall in slow and steady way. Equities have also not been rupee-supportive,” he stated.
Meanwhile, in the home fairness market, Sensex was buying and selling 51.09 factors or 0.06% larger at 80,942.11, whereas Nifty rose 18.30 factors or 0.07percentt to 24,699.20.
Foreign institutional buyers (FIIs) offloaded equities price ₹6,082.47 crore on a internet foundation on Monday, in accordance to alternate knowledge.
